Bombay Burmah Trading Corporation Limited — Important, 15-02-2025: Updates

The Bombay Burmah Trading Corporation has informed shareholders regarding the tax implications of the interim dividend, following the changes stipulated in the Finance Act, 2020. With the abolishment of Dividend Distribution Tax effective from April 1, 2020, dividend income will now be taxable for shareholders. An email communication detailing the withholding tax process on the interim dividend has been sent to shareholders who have registered their email addresses with the company. This change necessitates attention from shareholders to understand the new tax obligations tied to dividend income. Investors should stay informed about these developments as they could affect dividend receipts moving forward.